Exam Name: Oracle Fusion HCM: Compensation 2014 Essentials
Certification Provider: Oracle
Corresponding Certification: Oracle Applications
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Oracle 1z0-495 Exam Syllabus Topics:
| Section | Weight | Objectives |
|---|---|---|
| Topic 1: Total Compensation Statements | 15% | - Defining compensation statements - Generating and publishing statements - Managing statement layouts |
| Topic 2: Elements, Formulas, and Eligibility | 20% | - Describing element classifications and deductions - Creating element eligibility criteria - Managing fast formulas |
| Topic 3: Workforce Compensation | 25% | - Configuring plan cycles and budgets - Administering compensation changes and models - Setting up worksheets, approvals, and access - Designing compensation plans |
| Topic 4: Base Pay Configuration | 20% | - Managing base pay structures - Defining salary basis - Configuring salary components |
| Topic 5: Individual Compensation | 20% | - Managing contributions and approvals - Configuring compensation history - Setting up individual compensation plans |
Oracle Fusion HCM: Compensation 2014 Essentials Sample Questions:
As an implementation consultant, you are required to define a total compensation statement. You are creating the compensation items for the same. Which four source types are available for selection while creating a compensation item for the total compensation statement?
- A. Payroll Balance
- B. Deduction Range
- C. Formula
- D. Input Value
- E. Element Entry
- F. Benefit Balance
Correct Answer: A,D,E,F 🗳️
Oracle Fusion Compensation has nine predefined salary components. Your client has a requirement that allow a salary adjustment based on the number of dependants the employee has, and this allowance must be mapped to a separate component. Because this allowance cannot have a logical mapping with any of the predefined components, you decide to create a new salary component called "Family Allowance".
Which option would you use to achieve this?
- A. The Configure Compensation Component task Manager plans
- B. The Compensation Models
- C. The Salary Component Lookup
- D. It is not possible to achieve this, because only the delivered salary component can be used
Correct Answer: D 🗳️
When upper-level managers change the plan access of one or more lower-/eve/ managers, they receive a notification informing them about the change in access. Which option do the/ receive to act on the notification?
- A. Dismiss
- B. Reject
- C. Reply
- D. Accept
Correct Answer: C 🗳️
A compensation manager of a corporation is setting up a new salary basis for the employees. Which statement is true about payroll elements set up for a salary basis?
- A. Payroll elements of any classification type can be attached to a salary basis.
- B. Recurring elements can be linked to multiple salary bases only if they are classified as earnings elements, and they need not be configured to allow multiple entries in the same period.
- C. Recurring elements can be linked to multiple salary bases only if they are classified as earnings elements and configured to allow multiple entries in the same period.
- D. Multiple payroll elements can be attached a salary basis.
Correct Answer: A 🗳️
Which four options are valid refresh options for the Refresh Data process?
- A. Refresh Base and Eligible Salary
- B. Reevaluate Eligibility
- C. Refresh Plan Access
- D. Refresh Plan Currency
- E. Refresh Budget Pools
- F. Refresh HR Data
- G. Refresh Manager Hierarchy
Correct Answer: B,C,E,F 🗳️
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